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Hive: Revenue Surge on AI Power Bet | Flash News Detail | Blockchain.News
Latest Update
6/2/2026 5:42:00 PM

Hive: Revenue Surge on AI Power Bet

Hive: Revenue Surge on AI Power Bet

Hive reports revenue surge while pivoting to power AI data centers, with BTC at $67315.89 testing lower Bollinger support amid oversold RSI.

Source

Analysis

Hive posted a sharp revenue increase after shifting capacity toward AI infrastructure, aligning with the broader AI industry impact on power demand.

BTC sits at $67315.89 and tests the lower Bollinger Band support at $67771.43. The 4-hour chart shows EMA50 resistance at $73297.4 and EMA200 at $76034.42 capping upside, while RSI(14) at 13.93 marks deep oversold territory and MACD registers a death cross at -1515.06. This confluence points to short-term volatility exhaustion before any sustained move higher, consistent with the last six months of range-bound action.


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